FirmaIQ
Org.nr 913 588 827 2019 → 2020 Year-over-year analysis

ACCURIZE AS: årsregnskap 2020 vs 2019

Grew 144% on revenue, returned to profit, fresh owner capital

approved 2021-05-12; registry 2021-07-28; journal 2021 594051

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACCURIZE AS. Revenue 1.93m NOK → 4.70m NOK (+143.5%). Net result -630.7k NOK → +369.3k NOK. Equity 10 NOK → 2.20m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACCURIZE AS.

At a glance

Scorecard

Revenue
1.93m NOK 4.70m NOK
+143.5%
Operating result
-625.6k NOK +553.0k NOK
+188.4%
Net result
-630.7k NOK +369.3k NOK
+158.6%
Equity
10 NOK 2.20m NOK
+22023700.0%
Cash
40.9k NOK 2.39m NOK
+5754.6%
Total assets
1.64m NOK 4.77m NOK
+190.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.93m NOK to 4.70m NOK (+143.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -625.6k NOK → +553.0k NOK (op. margin -32.4% → 11.8%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 630.7k NOK to a profit of 369.3k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 10 NOK → 2.20m NOK (equity ratio 0.0% → 46.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 40.9k NOK → 2.39m NOK (+5754.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 792.6k NOK → 300.1k NOK (-62.1% YoY). Calculated